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(ELECON) Elecon Engineering complete technical analysis [charts+indicators] | Buy/Sell Elecon Engineering | (ELECON) share price targets

Complete technical analysis of Elecon Engineering (ELECON) by charts plus indicators, forecast predictions and share price targets for Elecon Engineering (ELECON)

Elecon Engineering trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Elecon Engineering is 152795

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	999.40	1031.80	1036.00	986.05	1.285 times
20 Tue Feb 2024	1021.55	1045.00	1053.25	1018.00	0.856 times
19 Mon Feb 2024	1043.40	1030.40	1059.90	1022.00	1.24 times
16 Fri Feb 2024	1020.20	1034.45	1050.00	1011.10	1.094 times
15 Thu Feb 2024	1026.45	1044.65	1063.95	1023.55	1.009 times
14 Wed Feb 2024	1038.40	990.25	1047.80	990.25	1.143 times
13 Tue Feb 2024	1005.90	985.20	1014.85	971.35	0.746 times
12 Mon Feb 2024	985.15	1014.15	1015.15	981.00	0.951 times
09 Fri Feb 2024	1014.15	1042.00	1048.50	996.45	1.393 times
08 Thu Feb 2024	1042.55	1061.00	1061.00	1040.05	0.762 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1013.7, but if it comes above 1013.7, then a intra day buy could be more profitable.
If you take a sell trade below 1013.7, then use 1013.7 as stoploss and 978.9 as target. However if you take a buy trade in stock , then use 1013.7 as stoploss and 1042.65 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	713.25
Downside Target	850.00
Downside Target	905.00
Downside Target	971.35
Upside Target	1039.00
Upside Target	1059.90
Upside Target	1063.95
Upside Target	1089.00
Upside Target	1109.20
Upside Target	1119.90
Upside Target	1122.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	970.33
Downside Intraday Target	941.27
Upside Intraday Target	1044.18
Upside Intraday Target	1088.97
Upside Intraday Target	1015.12

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	999.40	1030.40	1059.90	986.05	0.684 times
16 Fri Feb 2024	1020.20	1014.15	1063.95	971.35	0.847 times
09 Fri Feb 2024	1014.15	1076.60	1089.00	996.45	0.371 times
02 Fri Feb 2024	1067.30	1050.00	1122.00	1039.00	1.017 times
25 Thu Jan 2024	1036.20	1093.00	1119.90	995.05	0.825 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elecon Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	999.40	1106.15	1109.20	971.35	0.222 times
31 Wed Jan 2024	1100.60	932.95	1122.00	905.00	2.153 times
29 Fri Dec 2023	926.95	948.00	984.00	857.55	0.481 times
30 Thu Nov 2023	942.90	850.85	989.80	850.80	1.358 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elecon Engineering (ELECON)

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elecon Engineering stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Elecon Engineering in short term but the sell signal is initial and weak.

Elecon Engineering Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Engineering in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elecon Engineering is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1019.71 and Elecon Engineering (ELECON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Elecon Engineering (ELECON) stock. Volume based technical analysis of Elecon Engineering (ELECON) stock is negative.

Elecon Engineering Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.